Jon Krumdick Promoted to CEO of Ironhorse Funding LLC
Ironhorse Funding LLC has announced that Jon Krumdick has been promoted from COO to CEO.
Mr. Krumdick joined Ironhorse Funding in 2019 to support the company’s growth with the expansion of its indirect lending program as well as the launch of its direct-to-consumer motorcycle refinance program. Prior to joining Ironhorse Funding, he served as VP of Lender Development and Operations of MotoRefi, a direct-to-consumer auto refinance platform. His leadership experience in consumer finance spans over 25 years.
“It’s an honor to be named CEO of Ironhorse Funding,” Mr. Krumdick said. “Our company has progressed from having a sole focus on building and operating sub-prime captive finance companies to becoming a full-credit spectrum finance platform operating in captive, indirect, and direct-to-consumer channels. Our roadmap for 2022 includes significant advances to our technology that will greatly impact our ability to engage with our dealers, customers, and OEM partners. It’s a very exciting time.”
Headquartered in Beverly, MA, Ironhorse Funding has crossed several milestones in the last year and continues to grow. In 2021, Ironhorse Funding crossed $100 million in assets under management just three years after the company’s initial launch, more than doubled its fundings over the previous year, and grew its direct-to-consumer channel by over 300%. The results from the first quarter of 2022 demonstrate a continuing trend of projected 200%-300% growth.